Ponzi Collapse - In Real Time...

Ponzi schemes collapse from the bottom up. Of course those at the bottom of the globalized ponzi scheme never realized any of its benefits. After the events of 2008, however, global thought dealers realized they could save either the billionaires or the middle class. So they chose to save the billionaires. The policies since that time - fiscal, regulatory and monetary have achieved that ends. The middle class has become increasingly marginalized while the wealth of the global plutocrats reaches ever-greater proportions. The U.S. debt alone has risen by $7 trillion since 2007, and yet all of the gain from that profligacy accrued to the billionaire class. The globalized ponzi scheme is collapsing in real time and claiming more victims with each passing day...

Number of global billionaires continues to rise ever-more sharply:

And their combined wealth of course continues to grow:

And all of this massive concentration in wealth comes at a steep cost...

Nine million jobs were lost and only 6 million have been recovered: http://research.stlouisfed.org/fred2/graph/?id=PAYEMS

Total number of U.S. jobs:

$7 trillion of new debt to obtain 6 million jobs equates to spending $1.2 million per job over five years or $230k per year, per job, i.e. most of that money was siphoned off to corporate profits since median wage is still only in the $27k/year range.

I've shown several times that wages as a % of GDP are at an all time low in the U.S:
http://research.stlouisfed.org/fred2/graph/?id=W270RE1A156NBEA

And that's for people lucky enough to have a job, for the rest, there is the food stamp virtualized soup kitchens:  http://www.trivisonno.com/food-stamps-charts

Only because the Dow is going up every day does the Idiocracy at large ignore this ever-growing and escalating divergence. By the time they wake up from American Idol, the theft will be largely complete.

The Ponzi is collapsing and consuming more and more victims from the bottom towards the top. After 2008, policy-makers chose to save billionaires at the expense of the middle class - a policy which has only had the effect of delaying the final collapse of the global ponzi. With the ongoing erosion of the middle class, we are reaching a critical juncture in world history - as the globalized ponzi economy melts down in real time. The acceleration point is approaching...